Mairead McGuinness, EU commissioner for financial services. Photo: European Commission / DPA Mairead McGuinness, EU commissioner for financial services. Photo: European Commission / DPA
Mairead McGuinness, EU commissioner for financial services. Photo: European Commission / DPA

EU plans agency to crack down on flow of dirty money after banks hit by wave of scandals

  • The European Commission said the regulation by national authorities was no longer effective and called for the creation of a new central entity
  • Major banks in countries such as Denmark, Sweden and Finland have been hit by a wave of dirty money scandals

Topic |   European Union
Mairead McGuinness, EU commissioner for financial services. Photo: European Commission / DPA Mairead McGuinness, EU commissioner for financial services. Photo: European Commission / DPA
Mairead McGuinness, EU commissioner for financial services. Photo: European Commission / DPA
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